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Compared to Estimates, Heritage Financial (HFWA) Q4 Earnings: A Look at Key Metrics
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For the quarter ended December 2024, Heritage Financial (HFWA - Free Report) reported revenue of $60.96 million, up 20.2% over the same period last year. EPS came in at $0.51, compared to $0.47 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $60.5 million, representing a surprise of +0.75%. The company delivered an EPS surprise of +10.87%, with the consensus EPS estimate being $0.46.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Heritage Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Efficiency Ratio: 69.3% compared to the 66.7% average estimate based on three analysts.
Net Interest Margin: 3.4% versus the three-analyst average estimate of 3.3%.
Total Nonperforming Assets: $5.27 million compared to the $8.88 million average estimate based on two analysts.
Total Nonaccrual Loans: $4.08 million compared to the $6.13 million average estimate based on two analysts.
Average Balance - Total interest earning assets: $6.31 billion versus $6.33 billion estimated by two analysts on average.
Net charge-offs (recoveries) on loans to average loans receivable, net: 0% versus 0.1% estimated by two analysts on average.
Total Noninterest Income: $3.29 million versus $7.40 million estimated by three analysts on average.
Net Interest Income: $53.76 million versus $53.17 million estimated by three analysts on average.
Shares of Heritage Financial have returned +0.6% over the past month versus the Zacks S&P 500 composite's +2.7% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Compared to Estimates, Heritage Financial (HFWA) Q4 Earnings: A Look at Key Metrics
For the quarter ended December 2024, Heritage Financial (HFWA - Free Report) reported revenue of $60.96 million, up 20.2% over the same period last year. EPS came in at $0.51, compared to $0.47 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $60.5 million, representing a surprise of +0.75%. The company delivered an EPS surprise of +10.87%, with the consensus EPS estimate being $0.46.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Heritage Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency Ratio: 69.3% compared to the 66.7% average estimate based on three analysts.
- Net Interest Margin: 3.4% versus the three-analyst average estimate of 3.3%.
- Total Nonperforming Assets: $5.27 million compared to the $8.88 million average estimate based on two analysts.
- Total Nonaccrual Loans: $4.08 million compared to the $6.13 million average estimate based on two analysts.
- Average Balance - Total interest earning assets: $6.31 billion versus $6.33 billion estimated by two analysts on average.
- Net charge-offs (recoveries) on loans to average loans receivable, net: 0% versus 0.1% estimated by two analysts on average.
- Total Noninterest Income: $3.29 million versus $7.40 million estimated by three analysts on average.
- Net Interest Income: $53.76 million versus $53.17 million estimated by three analysts on average.
View all Key Company Metrics for Heritage Financial here>>>Shares of Heritage Financial have returned +0.6% over the past month versus the Zacks S&P 500 composite's +2.7% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.